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At 4.3% now, unemployment remains historically low. But wait, there’s context: Job creation has been slowing down in the face of high interest rates, which make it harder for businesses to expand.
And the trend with inflation is not really friendly right now. After months of big improvements, it’s looking like progress may be stalling in getting to the Fed’s 2% inflation target.
A version of this post first appeared on TKer.co. Stocks closed higher last week with the S&P 500 gaining 2.3%. The index is now up 15.9% year to date, up 24.4% from its October 12 closing low of ...
The US economy just got its latest health check, and it looks promising.. Gross domestic product, which measures all the goods and services produced in the economy, registered at a robust 2.8% ...
Today the U.S. economy generates about a quarter of global output. U.S. stocks account for 65% of global equities, while Japan, China and the United Kingdom combined account for just over 10%.
Indeed, services are now more of an inflation driver than goods. Higher prices for housing and utilities, transportation services, insurance premiums and health care are the main factors squeezing ...
Economic data releases and earnings The US economy continues to impress. And we think there is a fairly straightforward, fundamental story that explains why we stand where we stand in July 2023.
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